phillip1882 Posted September 30, 2022 Report Share Posted September 30, 2022 I'm sure you all have heard of bitcoin by now, but just to review, bitcoin is a deflationary currency that uses mathematics and of course electricity to make it. I'm posting here to go over the cost and benefits of a deflationary currency. firstly, the hourly wage would have to decrease over time. this means loans would be more in demand. it also means prices would go down as well. loaning money is riskier, but also more lucrative. when you get paid back, assuming you do, the amount your receive is more valuable. as such interst fees could be reduced. saving money is much more valuable, especially long term. the government would probably raise taxes in order to pay for its functions. Quote Link to comment Share on other sites More sharing options...
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